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Economy

Malaysia GDP slips back into contraction at -4.5% for Q3

COVID holds economy below forecasts but central bank sees rebound ahead

KUALA LUMPUR -- Malaysia's economy contracted 4.5% on the year in the third quarter of 2021, the central bank announced on Friday, due to enhanced lockdown measures imposed to stop a deadly third wave of COVID-19.

The result was well below a median estimate of a 1.3% contraction, made by 20 economists polled by Reuters.

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